Capital Concepts

Spent Thousands Of Dollars

I was told they could close a loan by January 22nd. I called one week before my closing and they said that they wouldn’t be able to close because they weren’t licensed in Texas to make home loans… I was surprised to say the least.

I had already spent thousands of dollars on this deal which was nonrefundable, I had already ask the seller for an extension and now they wanted me to ask for another extension and couldn’t give me a closing date.

I looked into their history and found out that since the state has required licenses they have let their license lapse three times roughly 50% the time.

I also found out that they knew their license had expired and couldn’t close weeks before they told me.

Is Capital Concepts legit?
Capital Concepts is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 2 consumer(s) was/were given a Capital Concepts as a negative rating, and only a few left positive feedbacks.
Where is Capital Concepts located?
Capital Concepts is headquarted at 11200 Westheimer Rd Ste 777 Houston, TX 77042. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Capital Concepts by dialing (713) 651-9500 or visit their website 4smartmoney.com.
How much monetary loss is incurred by Capital Concepts’s customers?
According to the reviews posted by Capital Concepts’s customers, US $3586 was the total loss incurred, and hence the severity of the scam is high.

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2 Reviews on Capital Concepts

  1. Thanks for the hard work of the Dallas Capital concepts team.

    Capital Concepts did a great job of moving me out of my hard money loan to a good 30 year fixed loan on my rental property. Thanks for the hard work of the Dallas Capital concepts team.

  2. I would recommend dealing with another lender that focuses on investment properties.

    Started the loan process on an investment loan but the possible sticking points that CC had to comply with in order to make the loan weren’t communicated clearly at the start of the process.

    I spent 9 weeks going back and forth through underwriting and then was ultimately denied the loan. I turned around and had the loan refinanced in 2 weeks with another lender. I would recommend dealing with another lender that focuses on investment properties.

Reviews:2
Reported Loss :3586 $
Severity of Scam :High
Reported by : Anonymous
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